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Non-Tech : Invest / LTD

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To: Peter V who wrote (7947)	3/25/1999 10:03:00 PM
From: Thean	Read Replies (2) of 14427

Pete, I don't follow PDX, but from looking at its chart, it's telling me this stock is moved by a lot of speculations. The good side is it closed above its $33 support. The bad side is it needs to consolidate down to the $29 - $33 trading range before a further sustainable up move can be had. Now I don't know what the story is but since your objective of buying this stock is to play the gap up tomorrow - I suggest you stick to it. If PDX opens and moves up above $34 within the first 15 mintues, sell into strength or set a tight sell stop right away. Don't delay pass the first 10-15 minutes. If accessing your account to enter trades between 9:30 - 9:40am is a problem, I would set a stop loss somewhere below $34 to protect yourself, taking a small loss if necessary. The late day decline is concerning. What do you do with your RIG? I'm completely out of the drillers but will reenter upon weakness only within the next week or two. After that, the wait (and uncertainty) to the release of OPEC cheat data may produce the first wave of sharp profit taking IMO.

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